Payout time for SellaBand fans

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We've featured music industry innovators SellaBand several times over the past year and a half (1, 2 and 3), so we were pleased to hear that they've just reached a new milestone. To recap: fans sponsor unknown bands and artists by buying one of the band's shares, or parts. Once a band has raised USD 50,000 by selling 5,000 parts, SellaBand sets up a professional recording session. The recorded songs are sold to new fans, and both the artists and owners of their parts (Believers) receive a share of the income generated through music sales and advertising revenues. This week,…

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